BOJ intervention rumors keep growing, but I’m not seeing it.
EURNZD, can’t say I’ve traded this at all. Might have to take a look. How many pairs do you look at BTW?
Hey samewise,
I always have a few pairs I look at when I want to stay away from the USD and the JPY. So I have the Eur/Nzd and the Eur/Huff charts open. I do look at others too, but I probably shouldn’t 
.
I think I learned my lesson on the JPY pairs from the last bank intervention. All the pairs looked like they would continue long, but were already so far above the 200 ema so I had to ride my open long trades down for weeks before they turned around.
Not doing that again!
I heard a trader say once, don’t look for reasons to get into a trade. Instead, look for reasons not to get into a trade. I like that advise.
Feeling you here. JPY is like 4.5% from '24 lows, but who knows what the BOJ is thinking.
